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Decoding Unexplained Income: Tax Implications

TaxationSeptember 20, 202312Views 0Likes 0Comments

Table of Contents What is Unexplained Income? Sections Covering Concept of Unexplained IncomeSection 68 Section 69 Section 69A Section 69B Section 69C Section 69D Applicability of Section 115BBE Penal Provisions Conclusion What is Unexplained Income? When an assessee does not have any explanation for the source/generation or nature of income being assessed, that income is…

GST Compliance, Offences and their Penalties

TaxationFebruary 2, 202325Views 0Likes 8Comments

Table of Contents Introduction Compliances under CGST Act,2017 Registration Raising Invoices Filing Returns Payment of Taxes Availing Eligible Credit TDS/TCS liable Offences Under GST Act Registration Invoices & Books /Records Returns Payment of Taxes ITC TDS/TCS Introduction: “One nation, one tax” is the motto of the introduction of GST in India. It…